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Jul 10, 2011
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what is the troop strength, the terrorist trained, how big is it? are the weapons coming through sudan or are any of them coming from china? with regards to the pirates, the doctor pointed out in his testimony and others have pointed out as well that there needs to be a land solution. i think that is obvious, but if you could touch on that. we will do all the questions -- >> deputy secretary, if i could ask this question -- when the last administration left office, there was an internal debate about whether eritrea should be designated as a state sponsor of terrorism for its support of al- sabah. it did not happen at the time, but just after she left government service, the former assistant secretary wrote a good piece in though wall street journal with these seem of eritrea should be listed as a state sponsor of terrorism. we have the u.n. reports citing their support and the case is cut and dry. the assistant secretary testified flat out that the government of eritrea continues to supply missions to extremist elements -- we are trying to put them
what is the troop strength, the terrorist trained, how big is it? are the weapons coming through sudan or are any of them coming from china? with regards to the pirates, the doctor pointed out in his testimony and others have pointed out as well that there needs to be a land solution. i think that is obvious, but if you could touch on that. we will do all the questions -- >> deputy secretary, if i could ask this question -- when the last administration left office, there was an internal...
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Jul 17, 2011
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cds directly on treasuries as opposed to other securities are actually not that big. it would take an action to invoke the credit event. that could be a problem for some institutions. but it would not be the biggest problem. >> but your point is that this could be a self-inflicted wound doing more damage to the deficit down has been done to date? -- to the visit than has been done -- to the deficit men has been done to date? -- your point is that this could be a self-inflicted wound doing more damage to the deficit then has been done to date? >> it is not an option that we should be considering. >> thank you. >> thank you, mr. chairman. i will follow-up on this for just a moment and then i want to move on to some other issues. to make the observation that the market perceives and consequences are starkly different between the u.s. government failing to make an interest payment on a bond or on the other hand, bloating some -- delaying the reimbursement to a vendor or failing to cut the grass at the monument. these are very different events. the month of august has sche
cds directly on treasuries as opposed to other securities are actually not that big. it would take an action to invoke the credit event. that could be a problem for some institutions. but it would not be the biggest problem. >> but your point is that this could be a self-inflicted wound doing more damage to the deficit down has been done to date? -- to the visit than has been done -- to the deficit men has been done to date? -- your point is that this could be a self-inflicted wound doing...
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Jul 2, 2011
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>> tom, you made the case of why to big to fail is a problem. but in talking about how you discourage or stop it, at least in the oral remarks you put emphasis on bringing back glass-steagall. what about size caps? if you are worried about size, that is the most direct way and you could argue well, even with glass-steagall you could get mergers, very large institutions, $2 trillion. they could lose their money on cni loans rather than investment banking. what about size katz, 3% to 4% of gdp, and that half a dozen u.s. institutions would be already above the cap and would have to come down over some period. you also have much bigger capital surcharges than what was agreed to over the weekend. that would be another way to i am just curious as to why he chose the glass-steagall route as opposed to the other routes for discouraging to big to fail? >> we did it and think about size. but part of what we thought about its size it isn't really the factory -- it is one of the factors, but not the primary factor. it is the nature of the risk -- whether y
>> tom, you made the case of why to big to fail is a problem. but in talking about how you discourage or stop it, at least in the oral remarks you put emphasis on bringing back glass-steagall. what about size caps? if you are worried about size, that is the most direct way and you could argue well, even with glass-steagall you could get mergers, very large institutions, $2 trillion. they could lose their money on cni loans rather than investment banking. what about size katz, 3% to 4% of...
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Jul 3, 2011
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if confirmed, the general will have big boots to fill and succeeding general petraeus commander of the 49 member international security assistance force coalition and u.s. forces aghanistan. like general petraeus, general allen brings an in-depth understanding of the complexities of the counterinsurgency effort based on his own experience as the coander in anbar province in iraq. working with the sunni awakening the marines andanbar succeeded in getting local sunni tribal leaders to reject the insurgency and instead support the iraqi government and its the deputy commander at u.s. central command general ellen has developed a regional perspective on issues affecting the region in afghanistan. he will be the first marine to serve as the top commander in afghanistan. the number one priority will be implementing president obama's decision last week to accelerate the transition of security responsibility to afghan forces and start bringing the u.s. surged forces home. as all land by the president, 10,000 u.s. troops wilbe withdrawn by the end of this year and the remaining 23,000 u.s. surg
if confirmed, the general will have big boots to fill and succeeding general petraeus commander of the 49 member international security assistance force coalition and u.s. forces aghanistan. like general petraeus, general allen brings an in-depth understanding of the complexities of the counterinsurgency effort based on his own experience as the coander in anbar province in iraq. working with the sunni awakening the marines andanbar succeeded in getting local sunni tribal leaders to reject the...